Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers’ disposable income, leaving them with less cash to spend on clothing, groceries, and eating out.

As a result, more than three years after the recession officially ended, American consumers might be preparing to downshift again >>> with low-income consumers hit the hardest.

Is it just me? I'm tired of hearing all about how hard it is for the poor. I was poor once and things were hard. So I worked harder. Educated myself. Moved where the job needed me to go. Stayed late. Did what I could to promote myself. Now I am not poor. And I remember how I became wealthy.

I worked.:mad-new:

Try it, poor folks.

02-25-2013, 05:36 AM

RobJohnson

Quote:

Originally Posted by Starbuck

Is it just me? I'm tired of hearing all about how hard it is for the poor. I was poor once and things were hard. So I worked harder. Educated myself. Moved where the job needed me to go. Stayed late. Did what I could to promote myself. Now I am not poor. And I remember how I became wealthy.

I worked.:mad-new:

Try it, poor folks.

Less consumer spending results in higher prices for everyone. Employers are having to make drastic decisions to try and make the bottom line work. Locations will start to close, stock prices will drop and even more people will find it hard to make ends meet every month.